Bangalore, 13)3: Shares of Tech Mahindra Ltd surged nearly 10 per cent on Monday after the Indian information technology services firm appointed Infosys Ltd veteran Mohit Joshi as its new managing director and chief executive officer. Joshi has been with rival Infosys for 22 years, and is currently the president at the company. He will take charge of the IT arm of Mahindra Group from Dec. 20 for five years, the company said in an exchange filing over the weekend.
He will be succeeding CP Gurnani whose term is set to end on Dec. 19.
Joshi’s resignation from Infosys is the second high-profile departure from the company following that of Ravi Kumar who resigned as its president in October.
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